Learning this myself. On two movies I am experimenting with: “Story of Ruth” and “Solomon” which are very old movies, each about 2 and half hours long, I used the Bitrate Calculator which gave me VBR 2-Pass Bitrate: Max 43,600 AVG 18,550, and MIN 7,400. I added 5 minutes to the total time for safety of margin. When I switched to DVDA 6.0, it showed with both, I only used 80% of the disc, but it wanted to recompress both videos and burned to the BD-RE which I tested on my television. Ruth played fine but Solomon would not play at all.
Reading various posts on AVC vs m2v, combined with Sony stating 9 hours can fit on a 50 Gig Blu-Ray disc, now trying the experiment on using Sony AVC to render both videos, but customized the template from 16,000,000 bits per second to the minimum from the Bitrate calculator of 7,400,000 bits per second. Did notice on the computer while rendering to avc the picture quality appears to be sharper than when I rendered in m2v format. However, will not know for sure until after I render both, import to DVDA 6.0 to place on a 50 Gig BD-RE and test on the television itself. If both will play, then I know the two I have created for the exposition should work as well as the time is the same as those old movies.